The reportedly struggling company moved to Rhode Island from Massachusetts in 2010 when Rhode Island offered them $75 million in loan guarantees after 38 Studios promised to create 450 jobs in the state over a three-year span.

At the time, Chaffee was one of the deal's biggest detractors, saying it was "one of the biggest risks" he's ever seen.

The developers first game, "Kingdoms of Amalur: Reckoning," was released to largely positive reviews in February. The game has sold a modest 330,000 copies in its first month on the retail market, but was bogged down by big name releases from established publishers. The brain-child of Schilling, who has publicly expressed a love of MMORPGs the likes of "World of Warcraft," Reckoning is a blend of action adventure games "God of War" and "Assassin's Creed" and the mega-hit RPG series "The Elder Scrolls."